Are you one of the many folk that would like to create multiple streams of income to help pay the bills during these nerve-wrangling financial times? Take this fast affiliate marketing test we are going to warn you, it contains some maths. Let's see
Are you one of many people that would like to form multiple streams of income to help pay the bills during these intense finance times? Take this fast affiliate marketing test we're going to warn you, it does contain some mathematics. Let's see how you do, it isn't troublesome. Below follow two exact real-life promoting methods. Your job is to work out which one will be more moneymaking in the long term.
In the first eventuality it takes a hundred clicks to make a sale. Every sale pays $100 in commissions. The refund rate is a low 5%. At $.80 per click, what will be the return on your primary $100 investment?
In the second scenario it takes the same - a hundred clicks to make a sale. That sale also pays a $100 commission, but there is the extra bonus of an extra $10 a month commission for 4 months. There's also a repayment rate of 5%, and you'll get paid that additional $10 4 times. Again, if you pay $.80 per click what will your return on a $100 investment be?
The answer for the 1st example is as follows : it costs you $80 to make one sale. So that suggests you made $20 but you should take off five pc for the kickbacks, leaving you with $19 net profit. 19% is a pretty good ROI. In the second example you'll still receive $19 in commissions for that initial sale, but you also receive $40 for those four monthly sales. So if you add the $19 to the $40 then you have $59 which interprets to a 59% return on investment a far more fascinating result!
Residual Income Makes A Large Difference!
If you were to look at any Super Affiliate's promoting model you'll soon find out the only time they are going to offer a product that pays only once for the original sale, is when they can leverage that sale into making additional cash. Plenty will offer a free report or special bonus if you purchase this product through their affiliate link, where the leverage comes in is when they collect your opt in info from their landing page, what they are giving you for free involved you giving something away for free too! A concentrated opt-in list is quite often worth up to five dollars per name each month to its owner. It is sort of possible there will be a later upsell offered thru an e-mail that gives them the opportunity to earn yet another commission.
Super Affiliates will often concentrate on promoting products that can appear to only pay an one-time commission, but in reality turn out to pay a big amount in monthly residual income. What you can learn from this exercise is that if an affiliate marketing product does have an ongoing chance to earn additional income, you should go for it. Doesn't that make sense? It's the difference between an awesome 59% ROI or a far less electrifying 19%.
Swell Your Income Streams let them Flow into a River of Residual Income!
The longest river in the world is the Nile. The only way you can appreciate the size of the Nile is by seeing it from outer space. It is awesome. What you don't see when you look down from your rocket is that the Nile is what it is because it's fed by thousands of tiny tributaries. Thousands of them. This huge River only exists due to all the tiny tributaries and streams that run into it.
By grasping that many little streams of income can build to form a brook of wealth you should take your affiliate marketing efforts to a higher level. Start by promoting products that pay residual monthly income on top of an initial commission. Don't be tempted by other products, these are the ones that may create wealth in the longer term. After just a few months you'll see these tiny brooks of income turn into a significant flood of income. The beauty of residual monthly income is that you never start a month with nothing in the bank. Imagine that!
No more considering how much your income will be and whether you will be in a position to pay the bills that residual income will soon build up to be sufficient to cover the bills before you even start on any other income-producing projects.
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